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Deutsche Bank's co-chief executive Juergen Fitschen went on trial on Tuesday, accused of giving misleading evidence in connection with the collapse in 2002 of the Kirch media empire in a case that could prove a major distraction at a time when the bank is undergoing a strategic overhaul. In one of the highest-profile corporate trials in Germany, Fitschen, aged 66, has vowed to fight allegations ...
Ford Motor Co on Tuesday posted a profit that missed analyst expectations as it sold fewer vehicles in North America due to the rollout of the F-150 pickup truck and continued to lose money in South America and Europe. The No. 2 U.S. automaker maintained its full-year forecast of pretax profit of between $8.5 billion and $9.5 billion. The company improved its forecast for North American operating ...
Gold clung to sharp overnight gains on Tuesday, bolstered by a weaker dollar and short-covering on rising expectations the Federal Reserve will not hint at a June rate hike at its policy meeting this week.FUNDAMENTALS* Spot gold had eased slightly to $1,199.60 (75,924 rupees) an ounce by 0040 GMT, after jumping nearly 2 percent in the previous session.* The metal rose to its highest in a week at $1,207.01 ...
Gold prices fell by Rs 110 to Rs 27,050 per 10 grams at the bullion market here today on easing demand from jewellers and retailers even as the metal strengthened overseas. However, silver prices recovered by Rs 150 to Rs 36,500 per kg on scattered buying from industrial units. Traders said slackened demand from jewellers and retailers at prevailing higher levels mainly weighed on gold prices but a ...
(Corrects to say Wockhardt's two plants are in western India, not central India, in the second paragraph) MUMBAI (Reuters) - Generic drugmaker Wockhardt Ltd said on Tuesday it would recall some drugs manufactured at its two plants in India before the U.S. Food and Drug Administration (FDA) banned those sites due to quality concerns. The FDA banned U.S. exports from Wockhardt's Waluj and Chikalthana ...
New Delhi, April 28 (IANS) With the Delhi High Court to resume hearing on Wednesday on the Rs.20.495 crore tax case slapped on Cairn India, experts voiced the apprehensions of foreign investors about an adversarial tax regime. "Foreign investors expect stability and clarity in tax policy, which has been coming from the top with the prime minister's Make in India initiative for ease of doing business ...
Beijing: Huawei Technologies launched the Honor 4C smartphone, the latest bid by the Chinese technology firm to gain market share in the highly competitive budget handset segment from domestic rivals such as Xiaomi Inc.The phone has a 5-inch display, slightly larger than the iPhone 6 and the same as Xiaomi's Mi 4 smartphone, and starts at 799 yuan ($129). By comparison, the iPhone 6 starts at around ...
Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog.The Patent Purchase Promotion program will remain open from May 8 to May 22, the company said on Monday.Google said it will let ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* Pan-European FTSEurofirst 300 index falls 1.9 pct * Atlas Copco, Commerzbank and UPM Kymmene among top fallers * Greek share index up, adding to previous day's gains * FTSEurofirst still up nearly 20 pct in 2015 * Asset performance in 2015: http://link.reuters.com/gap87v By Atul Prakash LONDON, April 28 (Reuters) - European equities fell on Tuesday following some weaker-than-expected ...
* Apple hits record high before reversing course * Merck on track for its best day since January 2014 * Coach slumps as sales fall short of expectations * Indexes down: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.8 pct (Updates to open) By Tanya Agrawal April 28 (Reuters) - U.S. stocks fell in volatile early trading on Tuesday as strong results from Merck and better-than-expected housing data helped ...
By Nita Bhalla NEW DELHI, April 28 (Thomson Reuters Foundation) - Hundreds of thousands of Nepali migrants working in Gulf States must be allowed to return home after a massive earthquake devastated their impoverished nation, a trade union group said on Tuesday. The International Trade Union Confederation (ITUC), which has 176 million members globally, said it had written to the Qatar, Saudi Arabia ...
(Adds Advent) April 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: ** Time Warner Cable Inc is open to merger discussions with Charter Communications Inc following a failed $45 billion bid by Comcast Corp, according to people familiar with the matter. ** DuPont's board is open to a negotiated settlement with activist Trian Fund ...
(Adds Advent) April 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: ** Time Warner Cable Inc is open to merger discussions with Charter Communications Inc following a failed $45 billion bid by Comcast Corp, according to people familiar with the matter. ** DuPont's board is open to a negotiated settlement with activist Trian Fund ...
By Bernie Woodall and Ben Klayman DEARBORN, Mich. (Reuters) - Ford Motor Co reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America. The No. 2 U.S. automaker on Tuesday also maintained its full-year forecast of pretax profit between $8.5 ...
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